Viridis Director Converts $400,000 in Options to Shares

Viridis Mining and Minerals Limited ( (AU:VMM) ) just unveiled an announcement.

Viridis Mining and Minerals has reported a change in the holdings of director Jose Carlos Guedes Rosado, who has converted options into equity. Rosado exercised 200,000 unquoted options at an exercise price of $2.00 each, resulting in the acquisition of 200,000 fully paid ordinary shares valued at $400,000 and the cancellation of the corresponding options.

Following the transaction, Rosado now holds 200,000 fully paid ordinary shares and retains 100,000 performance rights expiring in December 2028. The move increases the director’s direct equity stake in the company, aligning his interests more closely with shareholders and signaling confidence in Viridis Mining and Minerals’ future performance.

The most recent analyst rating on (AU:VMM) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on Viridis Mining and Minerals Limited stock, see the AU:VMM Stock Forecast page.

More about Viridis Mining and Minerals Limited

Viridis Mining and Minerals Limited is an Australian-listed resources company operating in the mining and minerals sector. The company focuses on the exploration and development of mineral assets, offering investors exposure to commodity markets through its portfolio of mining-related securities and projects.

Average Trading Volume: 800,183

Technical Sentiment Signal: Buy

Current Market Cap: A$329.6M

For an in-depth examination of VMM stock, go to TipRanks’ Overview page.